ChampionX Corporation (NASDAQ:CHX) saw a downside of -0.48% to close Monday at $25.06 after subtracting -$0.12 on the day. The 5-day average trading volume is 1,465,760 shares of the company’s common stock. It has gained $26.14 in the past week. An average of 1,596,070 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,182,504.
CHX’s 1-month performance is 12.83% or $2.85 on its low of $20.02 reached on 09/20/21. The company’s shares have touched a 52-week low of $6.87 and high of $30.48, with the stock’s rally to the 52-week high happening on 06/02/21. YTD, CHX has achieved 63.79% or $9.76. However, the current price is down -17.78%% from the 52-week high price.
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On Jun 09, 125 days have gone by since the last insider trading activity for ChampionX Corporation (CHX). Marcos Antoine (VP, Corp Controller, CAO) most recently sold 30,000 shares at $26.94 per share on Jun 09. This transaction cost the insider $808,200. Senior VP, GC & Secretary, Wright Julia, sold 8,125 shares at a price of $24.58 on May 07. Then, on May 05, VP, Corp Controller, CAO Marcos Antoine sold 12,030 shares at a price of $23.34 per share. This transaction amounted to $280,793.
The company’s PE ratio for the last five years has touched a high of 436.17 and a low of 4.441. CHX stock has a beta of 3.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.76 while the price-to-book (PB) in the most recent quarter is 3.02, with the price to cash flow ratio at 15.67.
ChampionX Corporation’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 2.00 meaning that CHX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.50, while the total debt to equity was 0.52. In terms of profitability, the gross margin trailing 12 months is 23.20%. The trailing 12-month EBITDA margin is 12.90% while for the period ending June 29; ChampionX Corporation’s operating margin was 3.10%. The firm’s gross profit as reported stood at $409.17 million against revenue of $1.9 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 65.1% to $749.17 million, while revenue of $684.89 million was 8.58% off the previous quarter. Analysts expected CHX to announce $0.1 per share in earnings in its latest quarter, but it posted $0.11, representing a 10.00% surprise. EBITDA for the quarter stood at more than $87.73 million. CHX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.83 billion, with total debt at $978.49 million. Shareholders hold equity totaling $201.8 million
Let’s look briefly at ChampionX Corporation (CHX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 63.65% to suggest the stock is trending Neutral, with historical volatility in this time period at 57.10%.
The stock’s 5-day moving average is $24.47, reflecting a +2.96% or $0.72 change from its current price. CHX is currently trading +7.78% above its 20-day SMA, -0.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +7.83% and +66.18% respectively.
Stochastic %K and %D was 87.22% and 81.97% and the average true range (ATR) pointed at 1.25. The RSI (14) points at 60.40%, while the 14-day stochastic is at 79.83% with the period’s ATR at 1.23. The stock’s 9-day MACD Oscillator is pointing at 0.90 and 1.53 on the 14-day charts.
In the most recent analyst report for ChampionX Corporation (NASDAQ: CHX), Goldman launched coverage with a Sell rating. Analysts offering their rating for CHX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CHX as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is CHX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $22.00 and a high of $31.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for ChampionX Corporation (CHX) stock is $27.15.